Metaplanet Aims to Raise Over $13M by Issuing Bonds to Acquire Bitcoin
Metaplanet is set to sell zero-interest bonds to further its Bitcoin investment strategy.
Metaplanet Aims to Raise Over $13M by Issuing Bonds to Acquire Bitcoin
Metaplanet is raising 2 billion yen ($13.3 million) through sales of zero-interest bonds to expand its Bitcoin reserves.
Key Points
- Metaplanet will leverage 0% interest bonds to acquire more Bitcoin, reinforcing its strategic investment framework.
- The bond issuance is directed exclusively towards Evo Fund, with plans for redemption set for August 26, supported by stock acquisition rights.
Metaplanet Inc (3350) intends to raise an additional 2 billion yen ($13.3 million) by offering ordinary bonds at 0% interest. The proceeds are earmarked for purchasing Bitcoin (BTC), in line with the company’s investment strategy. This bond issuance is entirely allocated to Evo Fund, with the redemption scheduled for August 26. The redemption is backed by proceeds from the company’s stock acquisition rights, demonstrating Metaplanet’s commitment to Bitcoin as a reserve asset, thus fortifying its financial strategy.
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Update (Feb. 27, 14:34 UTC): Bullet points added.
